WHAT IS AN OFFSHORE CORPORATION?
A corporation is an entity recognized by law as a separate “person” with limited liability. A corporation has the option to sell shares, the right to sue and be sued, and can have perpetual existence.
HOW ARE OFFSHORE CORPORATIONS USED?
Offshore corporations may be used to own and operate businesses, issue shares, bonds or otherwise raise capital, guarantee obligations, hire employees, buy goods and services, sell goods and services, make contracts, rent office space, maintain checking and saving accounts, and maintain retirement plans for employees. Although most offshore corporations are private and closely held, some are publicly traded on major stock exchanges.
WHAT ARE ARTICLES OF INCORPORATION?
The Articles of Incorporation is the document that establishes the corporation and contains basic information such as the name, share structure, and purpose of the corporation.
WHAT ARE BY-LAWS?
The By-laws, or in some jurisdictions “Articles of Association”, are rules the corporation creates for its shareholders, officers, and directors. By-laws are adopted by the Board of Directors as one of the first organizational steps in setting up a corporation. Upon instruction, we can adopt a standard set of By-laws for a new corporation. Unlike Articles of Association, By-laws are usually maintained internally but may be publicly filed if requested.
WHAT DOES A CORPORATE SEARCH REVEAL?
A corporate search will reveal the name of the corporation, the date of existence, amendments, and any other publicly filed document.
WHAT ARE BEARER SHARES?
Bearer share certificates do not indicate the name of the owner. The certificate is endorsed in blank such that the person having physical possession of the document is the owner. Bearer shares facilitate the transfer of assets because transfer of ownership is accomplished simply by the transfer of the certificate. These are no longer commonly used and we do not recommend them.
WHAT ARE REGISTERED SHARES?
Registered share certificates indicate the name of the owner on the document. The name of the shareholder is also recorded in the internal corporate records of the company.
WHAT ARE OFF-THE-SHELF COMPANIES?
OFF-THE-SHELF Companies are ready-made, never used corporations that have been created to meet a client’s immediate needs, and avoid the waiting time for incorporation of a new company.
WHAT IS A REGISTERED AGENT?
A Registered Agent is required to ensure that the corporation has an assigned legal representative at a known address to receive all service of process (legal notices) on its behalf. The Registered Agent forwards these documents to the address of record of the corporation.
DO YOU PROVIDE NOMINEE DIRECTORS?
If you so desire, we can provide nominee directors with most of the Offshore Company Registrations we offer for a nominal charge.
You can review a list of Offshore Company Registration Jurisdictions by clicking the link.
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